Getting to know economics

Date: 2015-10-07; view: 528.

Introduction

1. Answer these questions.

a.What is your major? Why did you choose it?

b.What duties and responsibilities are you supposed to perform?

c.Do you think you will easily find a well-paid job with your qualification?

d.What position or company are you going to apply for?

2. Read this text. Check the meaning of the underlined words with a dictionary.

3. Are these statements true (T) or false (F) according to the text.

1.Only working people are involved in business activities. (T / F)

2.Consumers increase a business's chances of making a profit.(T / F)

3.People in developed societies have the same needs. (T / F)

4.The businesses are likely to provide the goods and services that we don't need but want. (T / F)

5.We have to pay for our own needs and wants. (T / F)

6.Our desires are very limited and depend on skilled employees. (T / F)

4. Read the text again and answer the questions.

1.How many people are involved in business activities?

2.Do employees working for large international organizations or for a local business produce goods and services that we don't need?

3.What are four basic needs in all societies?

4.Do other people provide for most of our needs for free?

5.Why is the whole business world interconnected?

6.Who helps a business make a profit?

5. Match the verbs 1 – 4 to their opposites a – d.

1.save a.take

2.borrow b.sell

3.buy c.spend

4.give d. lend

6. Use the words in 5 to complete these questions.

1.Do you ________ your money as soon as you get it or do you put some at a bank?

2.Do you ever ________ money to other people? Do they always pay you back?

3.Do you ever ________ things from other people? Do you always give them back on time?

4.Do you ever ________ money to charity?

5.Do you usually ________ your credit card with you when you go abroad?

6.Do you often _________ things in shops or online?

7.Do you ________ money for a pension?

8.Do you ever _______ things you don't want any more?

7. Work in pairs. Ask and answer the questions in 6.

8. Listen to the dialogue. How does Maggie pay for the things in the pictures?

Complete the dialogue with a suitable word phrase in the box.

[I = Interviewer; M = Maggie]

I: Maggie. How do you pay for things? For example, how do you pay for groceries?

M: I pay for groceries ________ .

I: OK. What about clothes?

M: Umm. I think I pay _________ most of the time. Yes.

I: Do you have a mortgage?

M: Yes, I do.

I: How do you pay your mortgage?

M: _________ . Every month the bank takes the same amount of money out of my

account automatically.

I: OK, and how do you pay your household bills?

M: I pay these _______ .

I: How about petrol? How do you pay for petrol?

M: Hmm. ___________ , I think.

I: Do you use _________ at all?

M: No, I don't.

9. How do you usually pay for these things? Do you use your credit or debit card? Where can you use your credit card? Debit card? Where can't you use your credit card?

Example: I can pay for food with my credit card at the supermarket. I can't use it at some restaurants.

10. Complete with a verb in the correct tense. Check with a dictionary what the verbs mean.

be worth borrow can't afford charge cost earn